10-22-2010, 04:41 PM
Hillsdale College is one of the few heroic institutions that refuses to take Federal money. It puts out a monthly publication by the brightest and honorable thinkers who are worthy of our readership. This is Imprimus. In recent months it has featured analysis from John Bolton, Burton Fulsom, and Amity Shlaes. This issue ends with:
Amity Shlaes Wrote:...The Monopoly board game reminds us that economic growth isnât mysterious and inscrutable. Economic growth depends on the impulse of the small businessman and entrepreneur to get back in the game. In order for this to happen, we donât need a perfect government. All we need is one that is ânot too bad,â whose rules are not constantly changing and snuffing out the willingness of these players to take risks. We need a government under which the money supply doesnât change unpredictably, there are not too many âGo to Jailâ cards, and the top hats are confident in the possibility of seeing significant returns on investment.How pleasant if the regime in charge would appoint historians to be in charge of the economy, instead of disproved losers like Christine Romer, Goolsbee, and Cutler.
Recovery wonât happen from the top. But when those at the top step back and create the proper conditions, it will happen down there on the boardâone house at a time.